GOLD COAST, Australia, Aug. 21, 2013 /PRNewswire-iReach/ -- In September 2013, Gregory Carroll, founder and head of software development company Fast Track, will present Mastering 21st Century Enterprise Risk Management - a series of short presentations on getting results from risk management. The 20-minute talks will be available via web conferencing on 5-Sept, 12-Sept, and 19-Sept, all starting at 10 a.m. AEST.
CONTEXT Operational risk is one of the major causes of organisational failure and destruction of shareholder value, according to the 2013 Milliman report Operational Risk Modeling Frameworks. Outdated risk management practices have led to problems such as Ford Australia shutting down manufacturing operations. Meanwhile, consulting firm KPMG published a report this year showing that risk management capability is not keeping pace with the growing complexity of running large organisations.
TAKEAWAYS Those who sign up for the three webex sessions will get Carroll' s presentation deck and an excerpt of his forthcoming book on enterprise risk management. The sessions will be recorded, for repeated access at any time.
* Part 1, "Firing Failed Risk Practices", will examine C-level perspectives on risk management with a quick review of the latest findings from KPMG International, leading actuarial firm Milliman, and the 2013 15th OpRisk conference.
* Part 2, "Getting Implementation Right", looks at the crucial role played by the systems implemented to manage risk management. ("Forty percent of software implementations fail," Carroll points out.) Carroll will explain the secrets to putting in management systems in large organisations, ensuring the cultural change that's vital for success.
* Part 3, "New Rules of Risk Management", explains the latest research on emerging best practices, and how enterprise risk management should look going forward.
QUOTATION "You can't predict the future," acknowledges Carroll. "All the major banks and finance houses around the world were running elaborate risk management models in 2007, yet nearly all failed to predict the global financial crisis. "All aspects of life, including business, are controlled by three indisputable laws: first, the Second Law of Thermodynamics – things tend to get worse! Second, the Uncertainty Principle – you can't tell when... And third, Chaos Theory – you can't predict the weather (but you can take an umbrella)."
REGISTRATION Registration is fast at http://www.fasttrack365.com/risk-talks.
ABOUT THE PRESENTER Gregory Carrol's 30 years' experience includes extensive implementation with the Department of Defence, Victorian Infectious Diseases Laboratories, and other organisations whose risk management systems can have life-or-death consequences. He's also worked with major corporations such as Motorola, implementing risk management systems throughout complex enterprises. He posts new commentary each week at the blog Enterprise Compliance Today and tweets at @365compliance.
ABOUT FAST TRACK For 30 years Fast Track (Aust) Pty Ltd has specialised in regulatory compliance and enterprise risk management for medium and large organisations. The company deploys enterprise-wide solutions for Quality, Risk, Environmental, OHS, Supplier, and Innovation Management. Learn more at http://www.fasttrack365.com
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SOURCE Fast Track